NIKE SHAREHOLDER WARNING FROM FORMER LOUISIANA LAWYER

NEW ORLEANS, July 16, 2024 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they have until 19 August 2024 to file lead plaintiff motions in a class action lawsuit against NIKE, Inc. (NYSE: NKE) in the U.S. District Court for the District of Oregon.

What you can do

If you are a current NIKE shareholder and would like to discuss your legal rights, how this case may affect you and your right to recover your economic loss, you may contact KSF Managing Partner Lewis Kahn, without obligation and free of charge, by calling toll-free 1-877-515-1850 or emailing [email protected], or visit https://www.ksfcounsel.com/cases/nyse-nke/ to learn more.

About the lawsuit

NIKE and certain of its executives are accused of failing to disclose material information during the Class Period, thereby violating the federal securities laws.

On March 21, 2024, the Company released its financial results for the third quarter of 2024, which disclosed a 3% year-over-year revenue decline in its Europe, Middle East and Africa segment, a 3% year-over-year revenue decline in NIKE Digital, and modest quarterly revenue growth of approximately 0.4% year-over-year at NIKE Direct. On this news, the price of NIKE Class B common stock fell $6.96 per share, or nearly 7%, from a closing price of $100.82 per share on March 21, 2024 to $93.86 per share on March 22, 2024.

The case is City of Pembroke Pines Firefighters’ and Police Officers’ Municipal Pension Fund v. NIKE, Inc. et al. 24-cv-00974.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading boutique securities litigation firms. KSF serves a wide range of clients – including public institutional investors, hedge funds, asset managers and individual investors – in recovering investment losses resulting from corporate fraud or abuse of authority by publicly traded companies. KSF maintains offices in New York, Delaware, California, Louisiana and New Jersey.

To learn more about KSF, visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163